Fuel prices to rise as cedi weakens, crude prices climb
Fuel prices are poised for a possible rise with industry projections pointing to increases across petrol, diesel, and LPG in
African Markets
Ghana Champions Global Call for $100bn Yearly Adaptation Finance
Ghana has urged African leaders to unite behind a bold push for $100 billion in annual climate adaptation and mitigation finance, stressing that the continent cannot tackle escalating climate impacts alone. Speaking on behalf of President Mahama, Minister Alhaji Baba Seidu Issifu highlighted Africa’s disproportionate climate burden and called for fair, accessible financing, strengthened partnerships, and collective action to turn adaptation into a driver of sustainable growth and industrialisation.
Petrol prices to drop marginally in February – COPEC
Ghanaian drivers can expect a slight decrease in petrol prices in early February, while diesel costs are projected to remain
South African Traders Go Global as CoreProTrade Expands International Access
South African retail investors are increasingly seeking exposure to international markets, driven by a desire for diversification, liquidity, and advanced trading tools.
CoreProTrade, a regulated South African brokerage, offers access to CFDs across forex, equities, commodities, and indices without owning the underlying assets.
The platform emphasizes strong compliance, mobile access, and professional-grade infrastructure, catering to a growing segment of sophisticated domestic traders.
US Reasserts Presence in Africa
The United States is shifting its approach in Africa, prioritizing private investment, infrastructure financing, and trade integration over traditional aid.
A new Strategic Infrastructure and Investment Working Group with the African Union aims to fund projects in transport, energy, and digital networks.
The initiative reflects Washington’s effort to strengthen influence as global competition on the continent intensifies.
Kenya Ends Macadamia Harvest and Trade Ban
The Kenyan government has lifted the seasonal ban on the harvesting and trading of macadamia nuts, allowing activities to resume from February 2026.
Indonesia Stock Exchange CEO Resigns Following $84bn Market Loss
The Chief Executive Officer of the Indonesian Stock Exchange (IDX), Iman Rachman, resigned following a sharp market sell-off that erased approximately $84 billion in value over two days amid concerns of a potential downgrade by global index provider MSCI.
Part of our gold reserves was liquidated into FX assets, not written down – BoG
The Bank of Ghana (BoG) has insisted that the country has not been short-changed following the recent liquidation of a
Ken Ashigbey calls for fair taxation to widen mining revenue base
The Chief Executive Officer of the Ghana Chamber of Mines, Ken Ashigbey, has called on government to expand the country’s mining revenue base by fully integrating small-scale miners into the tax system under the revised mining royalty regime.
Nigeria-Türkiye trade expected to top $10B after new agreements: Business council chair
– Nigeria offers Turkish firms access to African markets and trade with China, council chair says – 9 agreements signed